you're talking a billion dollar company that has been thru thick and thin, these fcuking analysts need to get their heads out of their asses for good. geezus, what an illegal way to make money off the investors...................
The Dow dropped 512 points yesterday and a whole lot of people panicked. They are so worried that the market is tanking and that the end of the economy is coming. News programs and financial websites all led off their programs with the big drop in the day. I went about my normal business as the market dropped and actually looked at the decline as an opportunity. Instead of selling like the general crowd did I was in the market buying.
In my post on How To Get Rich In A Recession I talked about how investors have to expect market corrections in a slowing economy and can use this to their benefit to buy stocks cheap. Long term investors and money managers like Warren Buffett love days like yesterday when they have cash to invest.
Buy When Others Are Selling That is why investors should have a stock shopping list. This is a list of stocks that investors really want to buy. Most of the time the stocks on my shopping list trade at valuations that are simply too high. During market drops these stocks can come back to more reasonable valuations that make them appetizing to an investor.
I started my stock shopping by picking up shares of companies that I believe were undervalued. I added to some of my current positions and speculated a bit. One of my riskiest investment bets that I have made over the past two years has been buying financial stocks. The move has been positive for me so far but I think that the best rewards will show up over the next decade.
I have bought shares of many financial companies and have been adding to my position whenever the market weakens. I systematically buy more shares on bad market days to increase my equity stake and lower my cost basis as well. Days like yesterday are fantastic for value investors that are investing for the next few years and not the next few days. (Read Strategies For Investing In A Depressed Market)
Does it really matter if the Dow drops to 10,000 over the next few weeks if you do not plan on selling your shares anyway?
In my opinion it does not. I set my price target for each stock that I own and will only sell my shares when my price target is achieved or a material change takes place in the operations of a company. The temporary movements of the market are not really a concern of mine. The stock market had a good run over the past two years and has been long overdue for a correction. A 10 to 20% correction would not be extreme considering the fact that equities prices do not only move in an upward direction.
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